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    For Sale (20)

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    Citrus Springs Multi-Family Land
    $59,900
    0.23 Acres

    Citrus Springs Multi-Family Land

    0.23-acre parcel zoned for multi-family use.

    9219 N Travis Dr, Citrus Springs, FL 34434
    View details
    Multifamily Lot in Citrus Springs
    $199,000
    1.68 Acres

    Multifamily Lot in Citrus Springs

    1.68-acre multifamily lot zoned for duplex development.

    1211 W Evergreen Dr, Citrus Springs, FL 34434
    View details
    Crystal River Vacant Corner Lot
    $30,000
    1.16 Acres

    Crystal River Vacant Corner Lot

    1.16-acre corner lot in Crystal Manor community.

    8544 N Desertrose Ter, Crystal River, FL 34428
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    Spacious Corner Lot in Crystal River
    $50,000
    1.23 Acres

    Spacious Corner Lot in Crystal River

    1.23-acre lot for custom home near amenities, no HOA.

    8652 N Shannon Ave, Crystal River, FL 34428
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    Highway Frontage Commercial Building
    $494,900
    5,636 SF

    Highway Frontage Commercial Building

    Versatile commercial building with showroom and warehouse space.

    103 N Main St, Chiefland, FL 32626
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    Prime Commercial Lot on US HWY
    $750,000
    1.31 Acres

    Prime Commercial Lot on US HWY

    1.31-acre commercial lot with high visibility and endless business potential.

    18728 Us Highway 19, Hudson, FL 34667
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    Homosassa Land Ready For Home
    $95,000
    0.88 Acres

    Homosassa Land Ready For Home

    0.88 acres in Old Homosassa, ready for your dream home.

    11990 W Eldred Ln, Homosassa, FL 34448
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    Inglis, Florida Vacant Land
    $30,000
    0.91 Acres

    Inglis, Florida Vacant Land

    0.91-acre vacant lot near US-19, Withlacoochee River, Gulf of Mexico.

    Highway 40, Inglis, FL 34449
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    Spacious Corner Lot in Homosassa
    $39,000
    0.45 Acres

    Spacious Corner Lot in Homosassa

    0.45-acre corner lot near Homosassa River.

    11882 W Eldred Ln, Homosassa, FL 34448
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    Crystal River Land with Horse Stalls
    $475,777
    12.84 Acres

    Crystal River Land with Horse Stalls

    12.84 acre lot with horse stalls and pole barn.

    8521 W Rue Des Prairies Pl, Crystal River, FL 34428
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    Inverness, FL Land Opportunity
    $45,000
    0.98 Acres

    Inverness, FL Land Opportunity

    Two adjoining parcels totaling 0.98 acres in Inverness, Florida.

    2028 N Watkins Pt, Inverness, FL 34453
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    Crystal River Wooded Corner Lot
    $35,000
    1.16 Acres

    Crystal River Wooded Corner Lot

    1.16-acre wooded corner lot in Crystal River, Florida.

    11925 W Acacia Dr, Crystal River, FL 34428
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    Move-In Ready Florida Home
    $175,000
    1,026 SF

    Move-In Ready Florida Home

    Comfortable townhome near amenities with community pool and clubhouse.

    8324 W Earl Loop, Homosassa, FL 34446
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    Residential Land in Royal Highlands
    $48,000
    0.60 Acres

    Residential Land in Royal Highlands

    0.60-acre lot in a desirable, growing Brooksville community.

    14056 Race Ave, Brooksville, FL 34614
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    Sprawling Acre in Sugarmill Woods
    $99,900
    1.00 Acre

    Sprawling Acre in Sugarmill Woods

    Rare 1-acre land assembly in Homosassa's Oak Village.

    2 Nephthytis Ct, Homosassa, FL 34446
    View details
    Inglis, FL Vacant Land Parcel
    $399,000
    11.42 Acres

    Inglis, FL Vacant Land Parcel

    11.42-acre vacant land parcel with mixed-use potential in Inglis, FL.

    270 Highway 40 E, Inglis, FL 34449
    View details
    Homosassa, FL Land For Sale
    Contact for pricing
    0.33 Acres

    Homosassa, FL Land For Sale

    Residential land in Riverhaven Village, Homosassa, near amenities.

    4692 S Gator Loop, Homosassa, FL 34448
    View details
    Residential Lot in Sugarmill Woods
    Contact for pricing
    0.28 Acres

    Residential Lot in Sugarmill Woods

    0.28-acre lot ready for building in Homosassa, Florida.

    7 Crossandra Ct E, Homosassa, FL 34446
    View details
    Two Buildable Lots in Citrus Springs
    $39,900
    0.46 Acres

    Two Buildable Lots in Citrus Springs

    Two residential lots totaling 0.46 acres in Citrus Springs, FL.

    7788 N Primrose Dr, Citrus Springs, FL 34434
    View details
    Homosassa Land Near Waterfront
    Contact for pricing
    0.61 Acres

    Homosassa Land Near Waterfront

    0.61-acre lot in Old Homosassa, near restaurants and Homosassa River.

    5791 S Boulevard Dr, Homosassa, FL 34448
    View details

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    Wave Elite Realty LLC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Wave Elite Realty LLC
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